What it costs to live and work in Florida: the minimum wage, state income tax, sales tax and median rent, from official sources, and what they mean for your monthly budget.
| Florida | Source | |
|---|---|---|
| Minimum wage | $15.00 an hour | FloridaCommerce: Florida Minimum Wage |
| State income tax | none | Tax Foundation: State Individual Income Tax Rates and Brackets, 2026 (rates as of January 1, 2026) |
| State sales tax | 6 % | Tax Foundation: State and Local Sales Tax Rates, Midyear 2026 |
| Median gross rent | $1,812 a month (2024) | US Census Bureau, American Community Survey 2024 1-year estimates, table B25064 (Median Gross Rent) |
The minimum wage is $15.00 an hour since September 30, 2026 ($14.00 before); from January 1, 2028 it follows inflation.
Florida has no personal income tax.
The state rate is 6 %; local taxes add 0.98 % on average, for a combined 6.98 %.
What income does rent in Florida take?
A common rule of thumb is to keep rent at or below 30 % of gross income. At the median rent of $1,812 a month, that means a household income of about $72,500 a year before tax.
Good to know
- Tipped workers get a cash wage of at least $11.98 an hour since September 30, 2026.
Sources
- US Department of Labor, Wage and Hour Division: State Minimum Wage Laws (2026-07-01)
- Tax Foundation: State Individual Income Tax Rates and Brackets, 2026 (rates as of January 1, 2026) (2026-02-19)
- Tax Foundation: State and Local Sales Tax Rates, Midyear 2026 (2026-07-06)
- US Census Bureau, American Community Survey 2024 1-year estimates, table B25064 (Median Gross Rent) (2025-09)
- FloridaCommerce: Florida Minimum Wage (2026)